New Graphs Dynamically Display Loan Details

Zillow Mortgage Marketplace today launched two unique graphs and tables on every loan quote borrowers receive from lenders.  These graphs give borrowers an unprecedented amount of information presented in a dynamic, visual way that allows them to fully understand the details of each quote, including the makeup of payments over the life of the loan, and how much they will pay in cumulative costs over time. 

Payment Schedule 

The payment schedule graph shows the payment for the first month for every year of the loan. By hovering over any bar, borrowers can see how much of the monthly payment will go toward the principal, interest and mortgage insurance (if applicable). Clicking on any of these payments expands the year to display the complete monthly payments for that year. Clicking again returns borrowers to the year-by-year view.

Below the graph, a detailed amortization table lists the total monthly payment (also broken out by interest, principal, and mortgage insurance), the outstanding principal, and the interest rate for every month throughout the life of the loan. 

Cumulative Costs

The cumulative costs graph allows borrowers to see how their principal grows relative to the interest, fees and mortgage insurance over the life of the loan. Hovering over any year will give the cumulative costs paid up to that year.  This graph enables borrowers to see the grand total they will pay over time.  The table below the graph breaks down the costs paid each year throughout the life of the loan.

To use these graphs to find the right loan for you, simply submit a loan request on Zillow Mortgage Marketplace, and then click through to see the Quote Details on the quotes you receive from lenders.